Waldencast plc balance sheet MLKWF

Annual Quarterly

As of Dec 31, 2025, Waldencast plc had total assets of $746.2 million and total liabilities of $246.1 million. Total assets were down 23.5% from a year earlier. Stockholders' equity was $461.9 million. It held $30.4 million in cash and investments against $149.0 million of total debt, net debt of $118.6 million. The current ratio, current assets divided by current liabilities, was 1.70.

USD in millions, except ratios and per-share amounts. The percent under a figure is the change from the same quarter a year earlier.

Line	Q4 FY2025 Dec 31, 2025	Q4 FY2024 Dec 31, 2024	Q4 FY2023 Dec 31, 2023	Q4 FY2022 Dec 31, 2022	Q1 FY2022 Mar 31, 2022	Q4 FY2021 Dec 31, 2021	Q3 FY2021 Sep 30, 2021	Q2 FY2021 Jun 30, 2021
Assets
Cash	30 +105.2%	15 -29.8%	21 +142.6%	9 -32.1%	1 -24.9%	13	0	1
Cash and investments	30 +105.2%	15 -29.8%	21 +142.6%	9 -32.1%	1 -24.9%	13	0	1
Receivables	—	—	—	—	—	19	—	—
Inventory	55 +2.8%	53 -4.6%	56 +2.4%	54	—	—	—	—
Total current assets	127 +22.5%	104 -3.5%	107 +17.9%	91 +54.2%	1 -36.7%	59	1	1
Property and equipment, net	6 +7.0%	6 -1.7%	6 -28.8%	8	—	—	—	—
Goodwill	178 -46.1%	330 -1.5%	335 +0.0%	335	—	—	—	—
Total assets	746 -23.5%	976 -6.4%	1,043 -4.3%	1,090 +490.6%	346 -0.2%	185	346	346
Liabilities and equity
Accounts payable	—	—	—	—	—	13	—	—
Total current liabilities	75 -3.0%	77 +22.6%	63 -13.5%	73 +77.7%	2 +198.7%	41	0	0
Total liabilities	246 +0.1%	246 -10.1%	273 -5.8%	290 +99.6%	53 +21.9%	145	36	44
Stockholders' equity	462 -30.3%	662 +6.0%	625 -2.3%	639 +1529.1%	-52 -24.6%	39	-35	-43
Debt
Debt due within a year	1 -97.4%	29 +245.6%	9 -57.6%	20	—	—	—	—
Long-term debt	136 -1.0%	137 -9.3%	151 -5.0%	159	—	—	—	—
Lease liabilities	12 -19.4%	15 -13.6%	18 -10.0%	20	—	—	—	—
Total debt	149 -18.2%	182 +2.5%	178 -10.8%	199	—	—	—	—
Net cash	-119 +29.1%	-167 -6.8%	-157 +17.8%	-191	—	—	—	—
Ratios
Current ratio	1.70x	1.35x	1.71x	1.26x	0.71x	1.45x	4.21x	10.90x
Debt to equity	0.32x	0.27x	0.28x	0.31x	—	—	—	—
Return on equity	-49.74%	-6.41%	-14.41%	—	—	-49.89%	—	—
Return on assets	-30.79%	-4.35%	-8.63%	—	—	-10.61%	—	—
Book value per share	—	—	—	—	—	4.90	—	—

How these figures are calculated

Quarterly columns are single-quarter amounts. When a 10-Q reports only a year-to-date total, as cash flow statements do, the quarter is that total minus the previous quarter's year-to-date total. The fourth quarter is the annual report's full year minus the first nine months. A column marked YTD is a year-to-date total, shown when the earlier report needed for the single quarter is missing. USD in millions, except ratios and per-share amounts. Cash and investments adds short-term and long-term marketable securities to cash. Debt due within a year is the borrowings that are not already in long-term debt. Total debt is those borrowings plus lease liabilities. Net cash is cash and investments minus total debt. Return on equity and return on assets divide the trailing twelve months of net income by the balance on that date. Debt to EBITDA uses the trailing twelve months of EBITDA. More on our methodology.

Company profile

Industry: Perfumes, Cosmetics & Other Toilet Preparations (SIC 2844)
Listed as: MLKMF (OTC), MLKWF (OTC)
Headquarters: London, United Kingdom
SEC filer status: Non-accelerated filer, Emerging growth company
SEC CIK: 1840199
Former names: Waldencast Acquisition Corp. (until Jul 27, 2022)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.